Non-Banking Financial Company (NBFC)
An NBFC lends, leases and invests like a bank but cannot take demand deposits — and it answers to the RBI as well as the Companies Act. We handle formation and keep both sets of compliance current.
|800+ businesses served since 2020
Bank-like lending, without a banking licence
A Non-Banking Financial Company is a company incorporated under the Companies Act that carries on lending, leasing, hire-purchase, investment or asset-financing business, and is regulated by the Reserve Bank of India rather than a banking licence. It fills credit gaps for borrowers and segments that traditional banks don’t always reach.
NBFCs can accept term deposits within RBI’s conditions, but they cannot take demand deposits the way a savings or current account works at a bank. They’re classified into categories — asset finance, loan, investment and others — depending on their principal business.
- Companies Act, 2013 for incorporation and corporate filings
- Reserve Bank of India Act, 1934 and RBI directions for the lending business
- Net owned funds and capital adequacy thresholds RBI sets
- Asset classification and provisioning norms
- Board governance requirements, tighter for larger NBFCs
Lenders, lessors and investment businesses
Building a lending or leasing business
Businesses planning to lend, lease or finance assets at scale need RBI registration before they can operate as an NBFC.
Holding and trading securities
Companies whose principal business is acquiring shares, stock or securities fall under the NBFC framework too.
Keeping dual compliance current
Registered NBFCs need both ROC filings and RBI-specific returns tracked continuously — we run this as an ongoing engagement.
Classification to ongoing RBI compliance
Classification and eligibility
We confirm which NBFC category fits your business and whether you meet RBI’s registration criteria.
Incorporation and RBI registration
Company formation followed by the RBI registration application, with the net owned funds evidence it requires.
Companies Act filings
Annual returns, financial statements, auditor appointment and director KYC, filed on schedule with the ROC.
RBI-specific returns
Deposit returns, compliance certificates and other RBI filings your category requires.
Governance and audit
Board meeting cadence, internal audit and asset classification kept aligned with RBI expectations.
Risk and capital tracking
Monitoring your capital adequacy and leverage position against the norms that apply to your NBFC category.
Four steps to a compliant NBFC
We assess eligibility
Confirm your category and check you meet RBI’s registration criteria.
We incorporate and register
Company formed, then registered with the RBI.
Dual filings begin
ROC and RBI returns set up on their respective schedules.
We run it ongoing
Governance, audit and capital tracking as a standing engagement.
Questions companies ask first.
Can an NBFC accept savings or current account deposits?
No. NBFCs can accept only term deposits within RBI’s conditions — they cannot offer demand deposits the way a bank does.
What’s the difference between an NBFC and a bank?
Both lend and invest, but an NBFC operates under a Companies Act registration and RBI oversight rather than a banking licence, and cannot accept demand deposits or issue cheques drawn on itself.
What ongoing compliance does an NBFC carry?
Standard Companies Act filings like annual returns and financial statements, plus RBI-specific returns, board governance norms and asset classification requirements. We track all of it on one calendar.
Tell us what you need.
A short call to understand where you stand and how we would run this for you. No obligation.
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